Sold! Make a Good Living Buying Storage Auctions

Ray Margarit

Description

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Sujets

• Buying
• Biography
• Sold
• Storage
• Autobiography

Informations

• Publié par: Xlibris US
• Date de parution: 08 septembre 2022
• Nombre de lectures: 0
• EAN13: 9781669846260
• Langue: English

Extrait

Sold! Make a Good LIVING BUYING STORAGE AUCTIONS
 
 
 
 
 
 
RAY MARGARIT
 
 
 
Copyright © 2022 by Ray Margarit.
 
ISBN:
Softcover
978-1-6698-4627-7

eBook
978-1-6698-4626-0
 
 
All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.
 
Any people depicted in stock imagery provided by Getty Images are models, and such images are being used for illustrative purposes only.
Certain stock imagery © Getty Images.
 
 
 
 
Rev. date: 09/15/2022
 
 
 
Xlibris
844-714-8691
www.Xlibris.com
844805
CONTENTS
Intro
Chapter 1 First Flight Stamp Covers
Chapter 2 The Hobby Shop
Chapter 3 Musical Instruments
Chapter 4 Disney/Adult Entertainment
Chapter 5 Die cast cars #1
Chapter 6 Nancy Reagan’s White House China
Chapter 7 Action Figures
Chapter 8 California Antiques
Chapter 9 Vintage Mercedes
Chapter 10 Pieces of Eight
Chapter 11 Die-cast Cars #2
Chapter 12 Cash
Chapter 13 T-shirts & Motorcycles
Chapter 14 The One That Got Away
Chapter 15 Kid’s Playgrounds
Chapter 16 The Underwater Car
Chapter 17 Sailboats
Chapter 18 Car Additives
Chapter 19 Big Loss
Chapter 20 Women’s Shoes
Chapter 21 Pet Supplies
Chapter 22 Bottles Everywhere
Chapter 23 Rockapella
Chapter 24 Body Armor Protection
Intro
In 2004, I owned a thriving computer store in Tampa, Florida, called Microstar Computers. The company started in a garage and within five years expanded to five stores and recognized in Computer Trader Maga zine .
On the way back from a Hawaiian vacation that year, my family and I were driving down the road when I noticed a sign at a storage facility. The sign read: STORAGE AUCTION THIS WEDNESDAY 10 A.M. Seizing the moment, I went to the auction. There were only a handful of people there and only four units were up for auction.
I won the auction for one unit—pretty much all junk—which contained a nice wooden armoire. The tenant was named Josh, and even after purchasing 500+ units in the intervening eighteen years, I still have Josh’s armoire in my room.
Over the years, I’ve taken part in hundreds of auctions like this one. There have been some bad purchases and I’ve had my fair share of losses. But there have been some truly pleasant surprises as well. Contained in this book are just some of the memorable units I have bought over the years. The stories are my true experiences; they are neither exaggerated nor embellished.
*
Storage units are normally auctioned off when a tenant is about three months late on their rent payment. If you buy a unit, you usually have about forty-eight hours to remove its contents.
Some units are called “Manager specials,” in which the tenant leaves items in their storage unit after moving out. The facility manager will gather all these items and place them in an auction unit and declare the unit as “Non-lien Manager Special.”
You don’t get too many surprises with manager specials, because the facility already inspected most of the contents. But every once in a while, there is an exception. (Keep reading!)
There are also abandoned units in which the tenant willfully turns the contents over to the facility. Most of those are not high dollar units. However, every once in a while, there is an exception. (Read below!)
When someone rents a storage unit, they think no one else will see their personal items. They may think no one will see their private and personal belongings, but as the years go by, things change.
Circumstances in people’s lives change, and it seems, after a few years, people don’t remember or care what is stored in their units. I’ve seen birth certificates, wedding photos, urns (with ashes!), credit cards (sometimes active), driver’s licenses, even cash. Diplomas, family photo albums, and special love letters.
People are always skeptical that anyone would leave hundreds, even thousands, of dollars’ worth of stuff in a unit. Normally, the owners are only three months behind on rent, and there it is, sitting in the unit.
I don’t have an answer. The simple answer is that someone died and didn’t have a family, or the family didn’t know or didn’t care. I think that accounts for most of the over-the-top units.
Sometimes there are commercial units, where a company went out of business.
However, there are still units sold which defy logic or reason. Many years ago, I stopped trying to understand how people would give up such high value items.
*
Back in 2007, when I started my storage adventure, there was probably an average of ten to twenty people attending each auction. Around 2010 came a little show called Storage Wars . Once the show became popular, people started attending the auctions in large numbers. What used to be ten to twenty people was now sixty to seventy.